Gogold Resources Stock Price, News & Analysis

GoGold Resources Inc. has announced significant results from recent drilling at the El Favor deposit within its Los Ricos North project. Drill hole LRGF-21-048 intersected 61.3 meters of 285 g/t silver equivalent, including a notable 1 meter at 5,071 g/t AgEq. This intersection represents some of the highest grades yet observed in the deposit. The company is optimistic that these results will enhance the resource estimates, as ongoing drilling continues to reveal extensive mineralization.

GoGold Resources announced significant drilling results from the Casados deposit in the Los Ricos North project. Drill hole LRGCS-21-043 yielded an impressive 1,213 g/t silver equivalent over 1.9m, part of a larger intercept of 33.6m at 164 g/t AgEq. The company is advancing drilling at El Nayar to validate earlier mapping and sampling successes. GoGold anticipates these efforts will enhance resource definition and lead to further discoveries in the region, potentially boosting investor confidence.

GoGold Resources Inc. (OTCQX: GLGDF) reported promising results from 12 diamond drill holes in its El Orito area, part of the Los Ricos North project. Notable findings include hole LRGO-21-041, which intersected 4.2m of 1,007 g/t silver equivalent within a broader 58.0m of 168 g/t AgEq. An Induced Polarization survey is underway to map sulphide-rich zones, revealing a significant chargeability anomaly. The company anticipates further exploration results, reinforcing its belief in the Los Ricos district's importance in silver mining.

GoGold Resources has released positive results from six new drill holes from the El Favor deposit at its Los Ricos North project. Drill hole LRGF-21-041 revealed significant potential with a 56.1m intersection averaging 105 g/t silver equivalent, including a high-grade section of 1.3m at 1,243 g/t AgEq. These findings suggest the possibility of a mineralized zone exceeding 3 kilometers. The company plans extensive drilling this year, targeting over 100,000 meters across various sites, bolstering its resource potential in the area.

GoGold Resources Inc. reported promising results from 9 new drill holes at the Casados deposit in the Los Ricos North project. Notably, drill hole LRGSC-21-038 achieved an impressive 830 g/t silver equivalent over 2.6m, including a peak interval of 2,835 g/t AgEq over 0.8m. This discovery highlights the potential for further exploration in the Casados North zone, with a maiden resource estimate expected later this year, which could positively impact the company's prospects and valuation.

GoGold Resources (TSX: GGD, OTCQX: GLGDF) announced results from eight diamond drill holes at the El Orito area of its Los Ricos North project. Highlighted were intersections in hole LRGO-21-020 with 1.8m of 1,729 g/t silver equivalent and 11.8m of 331 g/t AgEq. Hole LRGO-21-027 showed 53.4m of 145 g/t AgEq, including 4.2m at 376 g/t AgEq. The drilling results indicate high-grade mineralization and expanded resource potential in both silver and base metals, with significant exploration activities continuing.

On May 12, 2021, GoGold Resources Inc. (TSX: GGD; OTCQX: GLGDF) announced its financial results for Q2 2021, reporting a revenue of $13.2 million from the sale of 541,608 silver equivalent ounces. The company achieved a net income of $2.7 million and cash flow from operations of $3.3 million. Free cash flow from the Parral mine reached $6.3 million in the quarter. GoGold successfully renegotiated its off-take agreement, which is expected to increase quarterly cash flows by $300,000.

GoGold Resources Inc. has announced results from 8 drill holes at the Casados deposit in the Los Ricos North project. Notably, hole LRGCS-21-025 intersected 1.5m of 1,320 g/t silver equivalent (AgEq) within 16.8m of 306 g/t AgEq. This marks a significant extension of mineralization over 200 meters eastward. The drilling program at Los Ricos North is one of Mexico's largest, exceeding 100,000 meters. The company continues to identify high-grade mineralization, enhancing the resource potential.

GoGold Resources Inc. has released promising results from six diamond drill holes at its Los Ricos North project, particularly in the El Favor area. Drill hole LRGF-21-032 intersected 3.4m of 1,676 g/t silver equivalent, within a 15.3m grade of 524 g/t AgEq, showcasing significant mineralization potential. The company operates nine drill rigs to expedite the initial resource estimate, reinforcing its aggressive exploration strategy. El Favor's high-grade zones and potentially bulk-mineable grades mark a positive trajectory for GoGold's operations.